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Hypha's “Open-Source DAO Protocols based on Open Architecture" for dApps

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Problem

Cardano ecosystem dApps seek to embed decentralized governance, treasury and collaboration into their user interfaces but face a challenge due to the lack of open-source "DAO protocols" for dApps.

Total to date

This is the total amount allocated to Hypha's “Open-Source DAO Protocols based on Open Architecture" for dApps.

198,250 $ADA

Total funds requested

258

Total votes cast

51.7M

Votes yes

10.4M

Votes abstain

About this idea

dao ecosystem collaboration dapps governance

[GENERAL] Name and surname of main applicant

Alex Prate

[GENERAL] Are you delivering this project as an individual or as an entity (whether formally incorporated or not)

Entity (Incorporated)

[GENERAL] Co proposers and Additional applicants

Franz Josef Allmayer

Joachim Stroh

Nikolaus Heger

[GENERAL] Requested funds in ada

198250

[GENERAL] Please specify how many months you expect your project to last (from 2-12 months)

[GENERAL] Please indicate if your proposal has been auto-translated into English from another language.

[GENERAL] Summarize your solution to the problem (200-character limit including spaces)

Hypha DAO provides open-source "DAO Protocols" based on an open architecture. Developers can integrate decentralized agreements and other features into their UI/UX, leveraging Hypha's tokenomics.

[GENERAL] Does your project have any dependencies on other organizations, technical or otherwise?

[GENERAL] If YES, please describe what the dependency is and why you believe it is essential for your project’s delivery. If NO, please write “No dependencies.”

No dependencies.

[GENERAL] Will your project’s output/s be fully open source?

Yes

[GENERAL] Please provide here more information on the open source status of your project outputs

MIT Open Source License (https://hypha.earth/terms-conditions)

[METADATA] SDG rating

13 - Climate Action - Regenerative Currencies for Climate

14 - Life Below Water - Blue Ocean Economies (East Africa)

15 - Life on Land - Regen Agriculture and Land-based DAOs

17- Partnership for the Goals - Global cooperation, infrastructure, and equity

[SOLUTION] Please describe your proposed solution.

Hypha's open-source "DAO Protocols" (based on an open architecture) enables Cardano developers to integrate "DAO protocols" into their dApp UX/UI, leveraging Hypha's DAO staking tokenomics and including the following capabilities:

Collective Decision Making
Multi-token System (Utility, Payout, Voice and Impact Tokens)
Multi-role and badge System
Contribution Accounting and Reward System
Multi-sig Treasury Management
Multi-stage Governance

The utility of Hypha's open-source "DAO Protocols" (based on an open architecture) lies in its facilitation for Cardano developers. This service empowers developers to seamlessly integrate crucial elements such as decentralized features directly into the user experience and user interface of their decentralized applications (dApps).

By leveraging Hypha's unique DAO staking tokenomics, developers can enhance the functionality but also the efficiency of their dApps. Indeed, by staking Hypha Tokens for members which is required when using the “DAO protocols” architecture as a service, dApps will receive DAO Adoption Incentives in the form of additional Hypha Tokens. For more details on Hypha Tokenomics: https://hypha.earth/tokenomics.

Acting like a DAO OS, these open-source “DAO Protocols” are supported by an open architecture comprised of:

Hypha Smart Contracts
GraphQL Database
GraphQL Playground
GraphQL Documentation
Hypha Tokenomics and Staking Contracts
Hypha DAO Incentive Rewards
Hypha Token Purchase Widget

This offering from Hypha DAO addresses a significant challenge faced by developers in the Cardano ecosystem— the integration of decentralized features with associated with an efficient DAO tokenomics. With these open-source "DAO protocols", developers gain a comprehensive solution for incorporating essential decentralized functionalities, contributing to a more secure and efficient framework.

Ultimately, Hypha's open-source "DAO protocols" fosters the creation of decentralized applications that align with the principles of Cardano, promoting innovation and user engagement within the blockchain ecosystem. By leveraging Hypha's open-source "DAO protocols", Cardano developers can enhance their community engagement, user experience, project development, and participate in the overall ecosystem growth and impact.

At a Cardano community level, Hypha's open-source “DAO protocols”, integrated with ecosystem dApps can facilitate decentralized activities, community engagement, and project scalability to align closely with Cardano's objectives in fostering a decentralized, efficient, and inclusive blockchain ecosystem.

Hypha’s third generation Decentralized Autonomous Organization (DAO) would also allow Cardano’s dApp developer to leapfrog and upscale their projects and bring real business, network and impact value to their dApp community. Here are some ways that the Hypha's open-source “DAO protocols” enabled for the Cardano blockchain can address these challenges:

DAOs are a fundamentally new decentralized organizational structure/form that augment, accelerate or replace traditional organizational structures/forms.
DAOs foster community alignment and collective action through collective and participatory decision-making processes ranging from simple administrative choices to significant directional and financial moves.
DAOs have the built-in capacity to connect and align with other DAOs in a non-rivalrous playing field creating new forms of agreements, value and knowledge exchange and impact creation.
DAOs leverage new participatory and transparent governance and reward models that open up unprecendented levels of trust necessary to coordinate large scale “system change” movements and consensus building.
DAOs create new tokenomics that spawn a new era of creative utilization of tokens that directly represent value and impact or indirectly reference real-world assets.
DAOs enable effective management of resources through built-in treasuries secured by smart contracts and multi-signatory transaction for allocation and distribution of budgets.
DAOs work at the intersection of AI-driven sensemaking and Human Collective Intelligence (HCI) to solve humanity's hard problems, together.

Furthermore, working with Hypha offers a series of advantages due to a natural alignment:

Hypha has been working on a third generation DAO platform for 5 years, using the DAO to build the DAO, and is ready to bring our rich feature set to the Cardano community.
This reflects a shared vision with Cardano of a decentralized, regenerative and inclusive future. Both platforms aim to democratize access to technology and financial services, especially for those underserved by the traditional system.
Hypha’s methodical development over five years mirrors Cardano’s emphasis on a research-driven and evidence-based approach. Both organizations prioritize long-term sustainability in their design and operations.
Hypha’s rich feature set can complement Cardano’s blockchain technology, potentially offering enhanced functionalities for smart contracts, decentralized applications (DApps), and governance models.

[IMPACT] Please define the positive impact your project will have on the wider Cardano community.

The positive impact of our project on the wider Cardano dApps community is multifaceted, contributing to the ecosystem's growth, fostering collaboration, ensuring sustainability, tracing and measuring positive impact and promoting decentralized governance. We believe that our integral accounting protocol, impact framework and streamlined measurement strategy will significantly enhance the overall health and vitality of the Cardano community.

1. Quantitative & Qualitative Metrics for DAOs and Ecosystem Growth:

- Impact Measurement: We will measure the numerical growth of the interconnected DAO ecosystem, including members, enrolled DAOs, and participants, as well as track the economic impact through funds raised, distributed, and economically viable returns.

- Sharing Outputs: Regular reports will be shared with the Cardano community, detailing quantitative metrics and qualitative insights. This will involve transparently presenting data on ecosystem growth, economic impact, and success stories.

2. Network Expansion and Collaboration Metrics:

- Impact Measurement: We will quantify ecosystem expansion and collaboration through metrics such as joint initiatives, partnerships, and shared resources. The growth in value-based organizations and user participation will be assessed.

- Sharing Outputs:Updates on network expansion and collaboration metrics will be communicated through community channels, including forums, newsletters, and social media platforms.

3. Decentralized Monitoring Reporting and Verification (dMRV) & Impact Framework:

- Impact Measurement: Real-time tracking of improvements and impacts on the ground will be conducted through dMRV. Environmental impact assessments, sustainability practices, and socio-economic impacts will be assessed.

- Sharing Outputs: Comprehensive reports on social and environmental impact assessments, sustainability practices, and socio-economic impacts will be shared publicly. These reports will be made available through the Cardano community forums and other communication channels.

4. Holistic Governance Metrics:

- Impact Measurement: Success in the decentralized holonic/human organization (DHO) model, self-governance efficiency, and engagement metrics will be evaluated. Quantitative and qualitative indicators will measure the effectiveness of governance in resource management and incentive alignment.

- Sharing Outputs: Governance metrics and evaluations will be openly shared with the Cardano community through governance forums and regular community updates. Insights from the assessment of digitalized democratic processes will also be shared for community feedback.

5. Blueprint Replication Metrics- Collective Intelligence:

- Impact Measurement: The adoption and replication of DAO templates/blueprints globally will be monitored. Success in sustainability, community engagement, and economic viability in replicated ecosystems will be tracked.

- Sharing Outputs: Reports on blueprint replication metrics will be made available to the Cardano community through community forums and dedicated channels for knowledge sharing. Success stories and lessons learned will be communicated to inspire and guide others in the ecosystem.

Through these rigorous impact measurement strategies and transparent sharing of outputs, our project aims to bring tangible value and “real-word” impact to the Cardano community by fostering growth, collaboration, sustainability, dMRV and effective governance. The continuous feedback loop with the community will ensure that our initiative aligns with the evolving needs and aspirations of the broader Cardano ecosystem.

[CAPABILITY & FEASIBILITY] What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?

Our team has successfully delivered and marketed a functional product, the Hypha DAO, on Telos and EOS Networks with more than 150 organisations using the product. With making our DAO OS

This endeavour aims to extend it to the Cardano community, encompassing the open-source “DAO Protocols” based on an open architecture.

Unique technology: We have built the DAO while using the DAO, going through hundreds of iterations as a team. Living and breathing the DAO everyday and experiencing first hand gives our team significant expertise.

Team Structure: We are organise around 4 circles (domains):

Products & Tools, incl. Impact evaluation design
Finflows & Legal, incl. Tokenomics
Marketing & Activation, incl. Knowledge base and education
Growth & Services, incl. Business and Network value and impact creation

Skills: Our team of 30 core members and 330 community/contributors has all the skills required to successfully deliver this project. This highly experienced team is composed of (and not limited to): Highly Experienced co-founders/entrepreneurs, Senior Business Developers, Growth Strategies experts, Exceptional Project/Program Managers, Top-end Web3.0 Engineers (blockchain smart-contracts, GraphQL, Front end), Remarkable UI/UX designers, World-class DAOnomics and Tokenomics experts, DAO adoption experts (DAO OS Canvas), QA/Testers.

Track record: We've proven our capabilities by successfully delivering Hypha on EOS, securing an 850k Grant from the EOS Network Foundation.

Hypha Network: Exceptional Network and ecosystem builders in the Hypha Network in order to grow communities around the DAO Ecosystem approach. A group of certified service DAOs on Hypha DAO technology that can support DAO adoption in the Cardano ecosystem.

[Project Milestones] What are the key milestones you need to achieve in order to complete your project successfully?

Description: This first milestone focuses on porting our existing smart contracts on the Cardano blockchain in a view to open them up to Cardano developers as a service.

Milestone output(s): Smart Contracts Open Architecture on Testnet/Faucet